Finland -Deal on pension reform -September 28, 2014Negotiations between the social partners concerning the pension reform have ended with several agreed changes to the existing system. The agreement was signed by two of the three trade union confederations.https://wageindicator.org/labour-laws/collective-bargaining/2014/finland-deal-on-pension-reform-september-28-2014https://wageindicator.org/@@site-logo/wageindicator.png

Finland -Deal on pension reform -September 28, 2014

Negotiations between the social partners concerning the pension reform have ended with several agreed changes to the existing system. The agreement was signed by two of the three trade union confederations.

Negotiations between the social partners concerning the pension reform have ended with several agreed changes to the existing system. The agreement was signed by two of the three trade union confederations. The minimum retirement age will be raised gradually from 63 to 65 for persons born after 1955. Also, the system of accumulation of pensions will change. In the new agreement the pension accrual will be 1.5 % in a year of employees' entire earnings throughout a working career between the ages of 17 and 65.